TOKYO, Nov 25 (Reuters) - Asian stocks may extend losses on
Wednesday after U.S. data showed slower than expected growth, but
markets could find some support after the Federal Reserve raised
its expectations for U.S. growth in 2010.
Asian stocks listed on Wall Street fell 1.5 percent, while MSCI's measure of Asia Pacific stocks excluding Japan lost 1 percent.
Revised government data on gross domestic product showed the U.S. economy grew at a slower-than-expected page in the third quarter, but minutes of the FOMC's most recent meeting showed officials are increasingly confident about a durable recovery for the U.S. economy.
All three U.S. indexes edged lower, but activity was moderate ahead of the Thanksgiving holiday on Thursday. The U.S. stock market will be open for a half day of trading on Friday.
Financial stocks were weak throughout the session, with some market players saying there was concern about banks' capital after news that the Fed asked lenders that were part of its 'stress tests' to submit plans to repay government money.
The dollar fell to a six-week low against the yen on Tuesday but held steady against the euro and a basket of currencies.
Nikkei futures traded in Chicago closed at 9,360, down 0.3 percent from the Osaka close.
HEADLINES: > US Q3 GDP growth revised down, home prices up > Wall Street off in thin trade, Fed curbs losses > Fed pleased with US growth, leery of policy risks > US home prices up for 5th consecutive month > German recovery quickens, led by industry > Japan govt says BOJ asleep in deflation row > Euro zone industry orders bode well for Q4 > BoE's King: 3-way MPC split no surprise > Dollar hits 6-wk low vs yen on recovery concerns > Oil falls to $76 after US growth disappoints > French Oct consumer spending beats expectations > China stimulus exit seen Q2 2010-researcher
KEY INDEXES pct change
Bank of New York Asia ADR index -1.46
Dow Jones Industrial Average -0.16
Nasdaq Composite Index -0.31
MSCI Asia Pacific ex-Japan -0.98
Nikkei futures in Chicago 9,360
Nikkei futures in Osaka 9,390
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Trade data for October
S.KOREA - Finance minister to speak at forum of foreign invested firm executives
HONG KONG - Cafe de Coral Hldgs Ltd H1
- Chen Hsong Hldgs Ltd H1
NEW ZEALAND - Sanford Ltd Yr
(Reporting by Elaine Lies) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA (elaine.lies@thomsonreuters.com; +81 3 6441 1807; Reuters Messaging:elaine.lies.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Asian stocks listed on Wall Street fell 1.5 percent, while MSCI's measure of Asia Pacific stocks excluding Japan lost 1 percent.
Revised government data on gross domestic product showed the U.S. economy grew at a slower-than-expected page in the third quarter, but minutes of the FOMC's most recent meeting showed officials are increasingly confident about a durable recovery for the U.S. economy.
All three U.S. indexes edged lower, but activity was moderate ahead of the Thanksgiving holiday on Thursday. The U.S. stock market will be open for a half day of trading on Friday.
Financial stocks were weak throughout the session, with some market players saying there was concern about banks' capital after news that the Fed asked lenders that were part of its 'stress tests' to submit plans to repay government money.
The dollar fell to a six-week low against the yen on Tuesday but held steady against the euro and a basket of currencies.
Nikkei futures traded in Chicago closed at 9,360, down 0.3 percent from the Osaka close.
HEADLINES: > US Q3 GDP growth revised down, home prices up > Wall Street off in thin trade, Fed curbs losses > Fed pleased with US growth, leery of policy risks > US home prices up for 5th consecutive month > German recovery quickens, led by industry > Japan govt says BOJ asleep in deflation row > Euro zone industry orders bode well for Q4 > BoE's King: 3-way MPC split no surprise > Dollar hits 6-wk low vs yen on recovery concerns > Oil falls to $76 after US growth disappoints > French Oct consumer spending beats expectations > China stimulus exit seen Q2 2010-researcher
KEY INDEXES pct change
Bank of New York Asia ADR index -1.46
Dow Jones Industrial Average -0.16
Nasdaq Composite Index -0.31
MSCI Asia Pacific ex-Japan -0.98
Nikkei futures in Chicago 9,360
Nikkei futures in Osaka 9,390
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Trade data for October
S.KOREA - Finance minister to speak at forum of foreign invested firm executives
HONG KONG - Cafe de Coral Hldgs Ltd H1
- Chen Hsong Hldgs Ltd H1
NEW ZEALAND - Sanford Ltd Yr
(Reporting by Elaine Lies) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA (elaine.lies@thomsonreuters.com; +81 3 6441 1807; Reuters Messaging:elaine.lies.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.